Can it be so?

Bank of America called ME today and told me what their appraisal came in at on this great Nampa home! We don't have an offer yet & they TOLD me what the appraisal amount was! Wow, what a concept!

Typically we won't hear a thing from them and next to never, do they tell us what the appraised amount is. WOW!

So, I guess these FHA deals run a different course. BofA Pre-Approval on FHA Short Sale?- Nampa Idaho Home for $117,000

521 Aurora Drive Nampa ID 83686

4 Bedrooms, 3 Baths, 2 Kitchens, .39 Acre Parcel, 2-Car garage and 2760 SF for only $117,000!

Boise Idaho Area Real Estate Prices:

If you are an Idaho real estate seller, don't kick yourself too hard for not putting your house on the market a couple years ago. If you have held off for this long, hopefully you can make it through the turn, wherever that might be.

For Ada County average home prices, the drop has been significant, a whopping 25% down from this time 2 years ago (August 2010).  For Canyon County home prices, however, the drop has been astounding! The average sales price of a single-family residence dropped 33% in the same 2 year period!

Take a look...

RE/MAX International has released the June 2010 version of the National Housing Report.

• Learn the recent activity across the nation and look at the graph of Transaction - Year-over-Year Change.
• See the Median Sales Price - Year-over-Year Change.
• See the Average Days on Market in 54 Metro Areas.
• Observe the Months supply of inventory in 54 Metro Areas.

Download this FREE Report Now:  RE/MAX National Housing Report

http://www.sellidaho.com/downloads/REMAXNationalHousingReportJune2010.pdf

Idaho Real Estate Report for July 1, 2010

What has been happening in the Idaho Real Estate market?

Being in the middle of 2010 for the Idaho real estate industry is still quite an uphill road to run. With foreclosures and short sales being a large portion of our market, it is difficult for sellers who bought at higher prices, but an incredible opportunity for buyers!

At a glance: Treasure Valley Single-Family Home data as derived from the Intermountain MLS from Jan, 1, 2010 to July 1, 2010:
     Inventory is up nearly 8%
     Average sales price is down almost 10%
The good news: The number of Homes sold is up 58% from 1 year ago

A bill has passed in Congress to give homebuyers another three months to close on their pending home purchases and receive an IRS tax credit up to $8,000.

The bill applies ONLYto homebuyers who met the April 30, 2010, deadline with a signed  contract to purchase a primary residence. The bill will extend the deadline to September 30, 2010, for homebuyers to close on their pending Idaho real estate transaction. The previous deadline was June 30, 2010.

2 Minute video explaining the basics of Idaho Short Sales.

Learn quickly, what a short sale is, why, as a buyer, you may want to look at short sale homes, and what the benefits are for sellers who must sell as a short sale.